The Post Office plans to shut 115 branches and says about 2,000 jobs are in danger as a part of a plan that can see publish workplace operator pay improve by £250m over the subsequent 5 years.
The Post Office confirmed on Wednesday that it’s searching for to dump 115 branches that it at present centrally owns, often called crown publish workplaces, however mentioned it expects to take care of the overall community at 11,500 branches throughout the UK.
The plans come towards the backdrop of the general public inquiry into the Horizon IT scandal, described as one of many worst miscarriages of justice in UK historical past.
The transfer places roughly 1,000 jobs in danger though the Post Office expects that each one the branches shall be refranchised to new house owners over the subsequent 5 years.
Approximately 2,000 branches are operated by companions equivalent to Tesco, WHSmith and Morrisons and about 9,000 are operated by impartial subpostmasters which have a contract with the Post Office.
The Post Office can also be “streamlining” its central operations with hypothesis that this can result in about 1,000 additional job cuts.
The plans additionally embody rising publish workplace department proprietor remuneration by £250m yearly by 2030, with as much as £120m in further remuneration by the tip of the primary 12 months of the five-year plan, a 30% improve in income share.
“The Post Office has a 360-year history of public service and today we want to secure that service for the future by learning from past mistakes and moving forward for the benefit of all postmasters,” mentioned Nigel Railton, the chair of the Post Office. “We can, and will, restore pride in working for a business with a legacy of service, rather than one of scandal.”
More particulars to comply with
